Astral Faces Significant Stock Decline Amid Broader Market Weakness and Bearish Trends

Astral, a prominent player in the plastic products industry, experienced a notable decline of 3.16% on March 10, 2025. This drop comes as the stock is now just 0.83% away from its 52-week low of Rs 1282.3. The company's performance today underperformed the sector, which saw a decrease of 2.61%, and marked a reversal after three consecutive days of gains.
Throughout the trading session, Astral reached an intraday low of Rs 1291, reflecting a decline of 3.23%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In the broader market, the Sensex opened positively but later fell by 282.49 points, currently trading at 74,192.49, down 0.19%. The Sensex is also trading below its 50-day moving average, which is positioned below the 200-day moving average, further emphasizing a bearish sentiment in the market.

Over the past month, Astral has seen a significant decline of 10.89%, contrasting with the Sensex's decrease of 4.05%. Year-to-date, Astral's performance is down 21.84%, while the Sensex has fallen by 5.07%.